Fri, Aug 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2012

Servicers' Spot - Butterfield Fulcrum: aim for the institutional-grade platform

Butterfield Fulcrum: aim for the institutional-grade platform

 

Phil Niles

"Investors in the last few years have been looking for very reputable service providers when looking into funds; prime brokers, auditors, lawyers, fund administrators," Phil Niles, director at Butterfield Fulcrum, a fund administrator, told Opalesque. "Gone are the days when you could use just any old firms and check the box. Investors do a lot more due diligence now. So make sure you have all those service providers in place."

Butterfield Fulcrum is a full-service hedge fund provider that uses best in class technology and leverages it across a very diversified global client base, across all manner of funds and strategies including hard-to-value and complex fund structures. BF has offices strategically located all over the world with a 24/7 service providing capacity and employs about 500 employees.

Investors are also looking for a much more institutional-grade platform, Niles adds.

Unfortunately, investment managers often look for the cheapest possible solution (service providers and technology).

And while this might make sense for a small investment manager, Butterfield Fulcrum cautions then on that. For the most part investors are actually willing to pay a premium for that institutional grade platform, he says. And the cheapest solutions may or may not be the best choice.

"I always encourage managers to think of the total cost of ownership of particular solution and also to think about what it says about their firm. If you think of the audit world, a KPMG or an E&Y are definitely going to cost more than auditor XYZ that nobody has ever heard of, but it also signals......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added